World Bank

The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth.

The World Bank is one of the world's largest sources of development assistance. Its primary focus is on helping the poorest people and the poorest countries. This site provides an overview of how the Bank uses its financial resources, its staff, and its extensive knowledge to help developing countries onto paths of stable, sustainable, and equitable growth.

updated Fri. March 16, 2018

Mumbai: The World Bank does not feel that nearly Rs 13,000-crore PNB scam is indicative of a systemic problem with the nation's financial sector, in sharp contrast to its Bretton Woods peer IMF that had called for more changes on the governance front to prevent recurrence of such frauds. "A scam isÃÂ ...

The World Bank's India Development Update had for rather long just parroted the government's line on development. As a result, it was hardly accurate and ended up swaying in whichever direction the government of the day swung. That might now change a little. Also, at a time when the new kid on theÃÂ ...

The macroeconomic situation in Ukraine remains unstable, the vulnerability of the fiscal system in the past years has grown, World Bank Country Director for Belarus, Moldova, and Ukraine Satu Kahkonen has said. She said in an interview with Novoye Vremia magazine that the vulnerability has increasedÃÂ ...

The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard GST rate in Asia, and second highest in the world afterÃÂ ...

WASHINGTON, March 15, 2018-- The World Bank Board of Directors approved three loans totaling US$145 million today to strengthen healthcare, improve roads and promote regularizing land titles in Nicaragua. It also approved the new 2018-2022 Partnership Strategy with that country. These loans fitÃÂ ...

The World Bank Group has approved a US$375 million International Development (IDA) Association credit to support Ethiopia's goal of achieving universal electricity access by 2025. The World Bank says Ethiopia has the second-highest available generation capacity in Sub-Saharan Africa with nearlyÃÂ ...

Meanwhile, Mr Koya yesterday also revealed that the reason of the review of Fiji's Investment Policy and Act through the collaboration between the ministry and the World Bank Group/International FinanceCorporation was to develop a new investment policy on a modern investment law and regulation thatÃÂ ...

Brussels, Belgium | AFP | The chief executive of the World Bank urged US President Donald Trump on Thursday to be "careful" before imposing steel and aluminium tariffs and weigh up possible effects on global trade. Kristalina Georgieva said Trump should assess the "implications" before going aheadÃÂ ...

The chief executive of the World Bank urged US President Donald Trump on Thursday to be "careful" before imposing controversial steel and aluminium tariffs, ... The World Bank chief, whose organisation specialises in lending money to poor countries, added that Trump should take a "carefully calibratedÃÂ ...

While recognising that the EU convergence machine - a term first coined in a 2012 World Bank report - is now back in full swing in Central and Southeast Europe (CEE), where all countries are continuing to catch up in living standards with EU averages, it acknowledges that the convergence machine isÃÂ ...

This is especially true for the money transfer industry. Remittances to sub-Saharan Africa grew to $37.8 billion in 2017, according to the World Bank and are forecast to hit around $39.2 billion this year and $39.6 billion in 2019. Perhaps unsurprisingly, as the largest population and economy, Nigeria toppedÃÂ ...

The World Bank has warned that deepening economic inequality in the EU risked fuelling populistpolitics. The US-based development body is to say in a report, out on Thursday (8 March), that inequality has been "mounting in many parts of the EU since 1990 as low-income Europeans have been fallingÃÂ ...

To help overcome this uncertainty and make environmental markets financeable, the World Bank engineered a successful Pilot Auction Facility model for international offsets, auctioning put option contracts that guarantee a minimum value for future credits. This credit enhancement assures projects,ÃÂ ...

DAR ES SALAAM, March 5, 2018 - Africa faces a "severe learning crisis" that undermines economic growth and the well-being of its citizens, according to a new World Bank study. The region has made considerable progress in boosting primary and lower secondary school enrollment, but some 50 million children remainÃÂ ...

Vietnam's financial sector has attracted investments to the tune of $1.45 billion from foreign investors in the first two months of the year while World Bank has launched a $102 million project with Vietnam's trade ministry to support industrial enterprises.

DAR ES SALAAM, March 5 (Xinhua) -- Africa is facing a severe learning crisis that thwarts its economic growth and the well-being of the citizens, said a new World Bank study released in Tanzania on Monday. The study, released in Tanzania's commercial capital, Dar es Salaam, said learning levels acrossÃÂ ...

The 3rd IGC Turkey geothermal congress will be opened by the World Bank Country Director for Turkey, Johannes Zott and EGEC's Secretary General, Philippe Dumas. The event will take place 14-15 March 2018 in Ankara, Turkey.

Among the World Bank chiefs expected at the summit are the Director, Health Nutrition Population of the World Bank Group, Washington, Olusoji Adeyi; the Country Director, World BankNigeria, Rachid Benmassoud, Chair of Global Alliance for Vaccine and Immunisation (GAVI) and Nigeria's formerÃÂ ...

The World Bank's sanction on an Australia-based company owned by Surbana Jurong will not have a major impact as the unit gets only a small part of its work from the bank. But Surbana Jurong chief executive Wong Heang Fine said the company is implementing measures to prevent any futureÃÂ ...

DAR ES SALAAM, March 2 (Xinhua) -- The government of Tanzania on Friday requested a 150-million-U.S.-dollar loan from the World Bank to finance projects aimed at boosting economic growth and improving public service delivery in the east African nation. Philip Mpango, the Minister for Finance andÃÂ ...

The World Bank says it has trained 79 federal and state government officials on how to manage the critical component of Community and Social Development Project, Additional Financing, which prioritises support for the poor, internally displaced persons and vulnerable groups across the country.

Most environmental markets exist to help regulated entities like electric companies and mining groups meet requirements established by law. If those laws are changed or challenged, prices can swing violently. Here's how the World Bank has mitigated risk around the world, sparking similar endeavors inÃÂ ...

The World Bank Senior Director for Education, Mr Jaime Saavedra will have a four-day visit in the country, which will start on March 4. During their visit, they will discuss the bank's education support and how to address challenges in the sector. The visit will see Prof William Anangisye, the Vice ChancellorÃÂ ...

The World Bank Group is moving quickly to provide short- and long-term help to the people of Saint-Louis. We're supporting a $30 million project to move nearly 1,000 families away from the shoreline and into safe housing. We're working on getting many millions more in funding for long-term adaptation inÃÂ ...

World Bank issues catastrophe bonds for Pacific Alliance ... Sullivan & Cromwell LLP in New York, Washington, DC and London has helped the World Bank's International Bank for Reconstruction and Development (IBRD) issue the first multi-sovereign bonds for use following a serious earthquake in Chile,ÃÂ ...

The press release provides an example of successful application of mobile-enabled IoT and big data to projects by the World Bank. In India, wearable IoT data collection devices in the form of bangle-shaped sensors allow users to automatically monitor harmful emissions from their stoves, and the data theyÃÂ ...

The president of the World Bank has warned that the rise of automation means the traditional path to economic growth may close to "all but a handful of developing countries". Delivering a keynote speech to Mobile World Congress on Monday, Jim Yong Kim said that if the technology industry fails to "stepÃÂ ...

The World Bank's Doing Business indicators are one of the institution's greatest contributions of the past 50 years. I first described them here in 2013. The United States, as the institution's largest shareholder, should be proud of what these indicators have accomplished. Their incredible success in the pastÃÂ ...

In the past few weeks, my colleague Divyanshi Wadhwa and I published two pieces examining the controversy over the World Bank's Doing Business index, which measures the regulatory burden facing businesses around the world. Our first piece examined the case of Chile, investigating World Bank chiefÃÂ ...

Mr. Babatunde Fashola, SAN, Minister for Power, Works and Housing, was also quoted as saying, "The Federal government is committed to addressing the challenges in the public-owned transmission network and the financing being provided by the World Bank under the Nigeria Electricity TransmissionÃÂ ...

A magnitude 7.2 earthquake that struck southwest Mexico in the Oaxaca region, causing buildings to sway in the capitalMexico City over 200 miles away, has hit directly within the parametric trigger zones for the recently issued World Bank supported IBRD CAR 118-119 catastrophe bond, but theÃÂ ...

Mr Henry Kerali, the World Bank Country Director for Ghana, Liberia, and Sierra Leone, has hailed the country's economic growth for 2017 and described ... He explained the World Bank Business Report provides objective measures of business regulations and their enforcement across 190 economies andÃÂ ...

For years, efforts to explore and compare the educational performance of impoverished countries-and by implication, their economic potential-have been stymied by a lack of useful data. An ambitious new analysis by the World Bank aims to change that. A "global dataset" unveiled by the internationalÃÂ ...

An infrastructure development deal comprising two projects that will improve the living conditions of Iraqi citizens was signed between the World Bank Group and the Iraqi government. The $510m agreement is the latest project the World Bank is embarking on in Iraq, and raises its total commitment toÃÂ ...

Saying that India's fortunes lie largely in its own hands, the World Bank has identified two global risks that could jeopardise the country's progress towards a 'global middle-class status'. These two risks are anti-international trade sentiment and climate change. India's services exports are being challengedÃÂ ...

The Osun State Agency for Community and Social Development Project has partnered the World Bank Group to commit over N2bn to social developmental projects aimed at reaching 1,073,129 beneficiaries in rural communities. According to a statement, the partnership is delivering 356 inclusive,ÃÂ ...

Prime Minister Volodymyr Groysman said this at a meeting with World Bank Vice President Cyril Muller, the government's press service reported. "This year we focus on economic growth, reform, and I thank the World Bank for introducing support programs for Ukraine," he said. He said that last year theÃÂ ...

The house of representatives has resolved to probe the circumstances surrounding the engagement of consultant for a $160m World Bank project in the country. The house also mandated the ministers of industry, trade and investment as well as finance not to renew the consultant engaged for the growthÃÂ ...

ENUGU--World Bank in collaboration with Enugu Stategovernment through Enugu State Agency for Community and Social Development Agency, has earmarked over N19 million to build civic centres, skills acquisition centres and culverts in two communities in the state. Presenting separate cheques toÃÂ ...

The Osun State Agency for Community and Social Development Project has partnered the World Bank Group to commit over N2bn to social developmental projects aimed at reaching 1,073,129 beneficiaries in rural communities. According to a statement, the partnership is delivering 356 inclusive,ÃÂ ...

The World Bank sees the ability of its Treasury to mobilise fixed income capital to fund Sustainability as a key piece of its mandate, with disaster risk transfer, in the form of catastrophe bonds, insurance and weather risk trades, seen as important tools to protect against the erosion of specific countriesÃÂ ...

Ukraine's government is grateful to the World Bank for continuous and consistent support of Kyiv on the road to fundamental transformations. Prime Minister Volodymyr Groysman said this at a meeting with World Bank Vice President Cyril Muller, the government's press service reported. Read more here.

New Delhi: India needs to create regular, salaried jobs with growing earnings rather than self-employed ones in order to join the ranks of the global middle class by 2047--the centenary of its Independence, the World Bank said in a draft Systematic Country Diagnostic (SCD) for India. The bank said in aÃÂ ...

The World Bank's third volume on wealth accounting provides national wealth estimates to track whether 141 countries are on a sustainable growth path. The report finds that global wealth increased 66% between 1995 and 2014, but inequality persists. Other key findings highlight the importance ofÃÂ ...

Shimla: The World Bank has agreed to fund the ambitious Rs 643-crore water supply project for Shimla from Koldam and has laid down its conditions to the state government. The funding has come as a respite since the project has remained in doldrums all these years. The decision was taken in aÃÂ ...